PRIMEHOLDINGS.COM INC. (PRIM) OTC:BB Message Board

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Technology Stocks : PRIMEHOLDINGS.COM INC. (PRIM) OTC:BB

PRIM 129.95

+4.1%

Jan 9 9:30 AM EST

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To: coca-cola-kid who started this subject	10/8/2002 1:00:15 PM
From: jmhollen	of 153

October 7, 2002 Letter From the CEO Dear Valued Shareholder, During the last three weeks we have made measurable progress towards obtaining full-reporting status and being re-listed on the NASDAQ BBX exchange. As you know we have considered various avenues to achieve this goal. These possible scenarios include acquisitions of, or mergers with, existing BBX/OTCBB Companies as well as spinning-off one of the divisions of the Company. Last week's meetings and negotiations were pivotal and productive. We came away from these meetings having direction and viable solutions to build back shareholder value. Already in motion is the plan to develop an existing full-reporting entity from which PrimeHoldings.com shareholders would receive proportionate dividends. It is also our opinion that spinning-off one of the divisions of the Company would greatly complement our efforts to regain shareholder value by also providing proportionate shareholder dividends. TimeMarker is the likely candidate for a spin-off. We acquired TimeMarker at its pre-launch phase, so auditing their financials would take minimal time and effort. Over the next two weeks we will be meeting with the Directors of TimeMarker and PrimeHoldings to expand our "due diligence" and establish a more concrete plan. As we continue to negotiate these opportunities, as always, we will continue to provide regular updates concerning these matters. Our telecom division has recently begun selling and developing its customer base. In the meantime, the bCard staff has had little time to feel at home at our new Sandy, Utah location, jumping right back into a more demanding Trade Show season. Neil and Ivan and their expanding staff began their demanding travel schedules in September. I am very optimistic about what the coming weeks will bring for PrimeHoldings.com. We will keep you advised of our efforts to complete the necessary procedures to render PrimeHoldings.com as a "full-reporting" company and to build back shareholder value. Kindest regard, Tom Aliprandi CEO .

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